Apple’s stock hits record high: 4-1 split is announced after blow-out quarter reported

Despite a global pandemic that shut Apple’s retail locations in the U.S. and caused economic problems in the states and other countries, a stellar fiscal third quarter and generated the most revenue for the April-June period in the company’s history, $59.7 billion. That was an 11% hike over the same quarter last year and was well past analysts’ predictions of $52.25 billion. Net income amounted to $11.3 billion or a 13% hike over last year’s numbers. Diluted earnings per share came in at $2.58, up 18.3% from the $2.18 reported during the same quarter in 2019. Wall Street forecast earnings …

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Apple’s stock hits record high: 4-1 split is announced after blow-out quarter reported

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